AI Due Diligence
The comprehensive assessment of AI-related risks, opportunities and compliance requirements conducted before acquiring, deploying or investing in AI technologies.
In plain language
Thoroughly checking an AI system before buying, deploying or investing in it. What data was it trained on? Is it biased? Is it secure? Like due diligence before a business acquisition.
Why this matters
AI due diligence is essential for managing third-party AI risk. Before adopting any AI product or service, your governance framework should require assessment of the vendor's data practices, bias testing, security measures and compliance posture.
Relevance
GovernanceDue diligence processes are foundational governance controls that reduce acquisition and deployment risk for AI technologies.
Related terms
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